OPEC increased its crude output more in November than in any month since late 2008 since it insisted on its policy to protect market share
Tag: Saudi Arabia
Saudi Arabia to Set Up a Fertilizer Plant in Bangladesh
Saudi Arabia announced last week that it would be setting up a flagship fertilizer project in Bangladesh. Saudi Finance Minister Ibrahm Al-Assaf had accepted the
Saudi Arabia Seeks Non-OPEC Partners to Help Cut Oil Supply
Representatives of Saudi Arabia said on Monday (23 November) that the kingdom was ready to collaborate with OPEC and non-OPEC countries to attain market stability.
Gulf Refiners Put Off Maintenance in Anticipation of Weak Crude Prices in 2016
Gulf oil refiners are postponing some field maintenance until 2016 to keep output high and to decrease costs as analysts predict that the prices will
Saudis Unsuccessful at Making Asia Want More Oil
Saudi Arabia did not manage to attract extra offers for oil shipments in October, a sign suggesting that the market is still oversupplied. The offers
OPEC to Focus on Long-Term Mega Investment Projects
OPEC leaders privately admit that the US oil industry’s high-tech flexibility is a competitive advantage that will enable the country to respond quickly to the
Rwanda’s Use of Fertilizers on Rise
Thanks to the new crop intensification program aimed at enhancing the agriculture productivity and farmers’ livelihood, Rwanda’s use of fertilizers has gone up from 4000
Saudi Arabia Might Postpone the Closure of Jeddah Refinery
Saudi Arabia’s state-oil giant Aramco is pondering whether to close its oil refinery in Jeddah due to age and environmental issues. The refinery, which started
Saudi Arabia Says Higher Oil Production Driven by Demand
Saudi Arabia announced yesterday (9 June) that its increasing production over the last three months has been the result of a rising global demand. The
Russia vs. OPEC: Battle for Market Share and Oil Production
In the wake of an OPEC meeting next week, a Russian think tank has revealed that the Russian government was warned not to cut its